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Unemployment drops by 52,000 but jobless rate stays at same level

The number of people out of work is still at lowest level since 1975, figures indicate.

Source: BBC News - Business | 18 Oct 2017 | 10:23 pm(NZT)

Taiwan ministry expresses 'deep concern' about Qualcomm's antitrust fine

TAIPEI (Reuters) - Taiwan's economics ministry said it is "deeply concerned" about the antitrust agency imposing a $775 million fine on Qualcomm Inc , in a rare public display of disagreement between authorities.

Source: Reuters: Business News | 18 Oct 2017 | 10:16 pm(NZT)

Kobe Steel to hold bidding for real estate unit on Friday: Bloomberg

TOKYO (Reuters) - Japanese steelmaker Kobe Steel Ltd , embroiled in a data falsification scandal that has roiled global supply chains, will hold a first round of bidding on Friday in the planned sale of a real estate unit, Bloomberg News reported on Wednesday.

Source: Reuters: Business News | 18 Oct 2017 | 10:05 pm(NZT)

On Money: North Korea Is No Longer the Hermit Kingdom — but How Long Will China Be Its Lifeline?

The country’s peculiar trading entanglements make sanctions possible. Will its longtime enabler finally make them enforceable?

Source: NYT > Business Day | 18 Oct 2017 | 10:00 pm(NZT)

‘The Walking Dead’ at 100: Still a Hit, but for How Much Longer?

As the zombie apocalypse drama returns for Season 8, the AMC series is looking to rebound from a stretch of storytelling shenanigans that alienated viewers.

Source: NYT > Business Day | 18 Oct 2017 | 10:00 pm(NZT)



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Millions miss bills as finances bite

More than four million people face difficulties over domestic or credit bills, says a major study.

Source: BBC News - Business | 18 Oct 2017 | 10:00 pm(NZT)

World markets steady as China congress starts and monetary policy gets back in focus

MILAN (Reuters) - World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China's Communist Party conference opened and the focus in Europe turned to speeches from top euro zone central bankers before next week's key policy meeting.

Source: Reuters: Business News | 18 Oct 2017 | 9:46 pm(NZT)

U.S. SEC charges Rio Tinto, former top executives with fraud

SYDNEY/NEW YORK (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars.

Source: Reuters: Business News | 18 Oct 2017 | 9:06 pm(NZT)

The 19-year-old millionaire estate agent

Akshay Ruparelia set up his business from his bedroom during his A-level exams.

Source: BBC News - Business | 18 Oct 2017 | 8:58 pm(NZT)

Mitsubishi Motors checking how Kobe Steel parts affected by false data

TOKYO (Reuters) - Mitsubishi Motors Corp is investigating how components from suppliers containing Kobe Steel Ltd parts have been affected by the steelmaker's falsified data on product quality, the chief executive of the carmaker said on Wednesday.

Source: Reuters: Business News | 18 Oct 2017 | 8:43 pm(NZT)



FTSE 100 edges up as Sainsbury's dips

The supermarket chain is among the biggest fallers on the 100-share index in early trading.

Source: BBC News - Business | 18 Oct 2017 | 8:41 pm(NZT)

Rio Tinto charged with fraud by US authorities

The mining giant also paid £27m to UK regulators for breaching rules when buying African coal assets.

Source: BBC News - Business | 18 Oct 2017 | 7:51 pm(NZT)

McDonald's South Korea office raided in burger probe: reports

SEOUL (Reuters) - South Korean investigators raided the Seoul office of McDonald's Corp on Wednesday, following a series of complaints that children fell ill after eating hamburger patties alleged to have been undercooked, Yonhap News Agency and other media said.

Source: Reuters: Business News | 18 Oct 2017 | 7:40 pm(NZT)

Qudian could be biggest Chinese IPO in US this year

Alipay-backed Qudian gives small, short-term loans, and primarily targets millennials.

Source: BBC News - Business | 18 Oct 2017 | 7:15 pm(NZT)

Silent Partners: The bankrollers behind the rush of Australia shareholder lawsuits

SYDNEY (Reuters) - After Australian internet company Vocus Telecommunications Ltd gave its second profit warning in seven months, fund manager David Pace received an email from a law firm asking him to join a shareholder class action.

Source: Reuters: Business News | 18 Oct 2017 | 6:06 pm(NZT)

Australia's Crown casino denies slot-machine 'tampering'

Australia's parliament hears claims that Crown casino deliberately removed betting options.

Source: BBC News - Business | 18 Oct 2017 | 5:13 pm(NZT)

Recent Commercial Real Estate Transactions

A block-through walk-up, which has been the backdrop for several movies including Spike Lee’s “Crooklyn,” was among recent transactions in New York.

Source: NYT > Business Day | 18 Oct 2017 | 5:01 pm(NZT)

Nafta Negotiators Extend Talks, Delaying Its Potential Demise

The extension of the trade talks leaves a narrow and challenging path to rewriting the pact.

Source: NYT > Business Day | 18 Oct 2017 | 2:41 pm(NZT)



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George Soros Transfers Billions to Open Society Foundations

Mr. Soros has moved about $18 billion to Open Society, the charity he founded which promotes human rights around the world. He plans to give still more.

Source: NYT > Business Day | 18 Oct 2017 | 2:34 pm(NZT)

Lawsuit Claims Three U.S. Companies Funded Terror in Iraq

The lawsuit, filed in federal court in Washington, cited as evidence contracts between the companies and the Iraqi government, leaked diplomatic cables, and the testimony of informants.

Source: NYT > Business Day | 18 Oct 2017 | 1:40 pm(NZT)

Arthur Cinader, Who Started J. Crew, Avatar of Preppy Style, Dies at 90

Mr. Cinader created a retail success story by catering to affluent consumers eager to signal a certain Ivy League pedigree in what they wear.

Source: NYT > Business Day | 18 Oct 2017 | 1:25 pm(NZT)















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